Bitcoin Miners, Economic Irrationality Can Be Fatal

Bitcoin's censorship resistance depends not only on miners' decentralization, but their economic rationality, and therefore sustainability.

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Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases

Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty [...]

The post Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases appeared first on Crypto Breaking News.

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